The associated charge of Monad’s native cryptocurrency rose on Tuesday, following a lengthy-anticipated airdrop that in the first bid underwhelmed a amount of speculators.
The token, which is able to be primitive to pay for transaction costs or stable the layer-1 network thru staking, currently traded hands at $0.042, up 19% from a day sooner than, in step with crypto files provider CoinGecko.
MON’s unique mark marked a 68% enlarge from its preliminary mark of $0.025 on Monday, which used to be the token’s going charge all the plot thru a currently performed public sale. MON’s mark had risen as high as $0.045 earlier on Tuesday.
MON’s rise came as crypto costs persisted cooling, falling support into a weekslong pattern, despite green shoots on Monday. Bitcoin erased gains as it fell 1.8% to $87,199. Ethereum additionally edged the total plot down to $2,939, while exhibiting an 0.6% decrease over the day long previous by.
On Monday, some onlookers expressed surprise that MON’s mark had mirrored the public sale, which took bid on a platform that Coinbase introduced for fledgling tokens. Others argued that the cost circulate used to be proof of a system working as intended.
Monad bills itself as a high-performance blockchain, which solves obstacles that other networks face by processing transactions in parallel, similar to Solana or Sei.
Despite taking inform with the asset’s low circulating offer—most effective round 10% of all MON tokens that exist are currently in circulation—BitMEX co-founder and former CEO Arthur Hayes posited that the token could perchance climb to $10, as animal spirits return to the crypto market.
“Gorgeous what this bull market desires, one other low drift, high FDV, ineffective L1,” he acknowledged on X. “Nonetheless [obviously], I aped. It’s a bull market.”
Airdrops are on the total primitive as a means to reward a crypto project’s early adopters, allotting tokens totally free to group contributors and developers. Oftentimes, a amount of recipients sell their airdrop to lock in gains, including a person that goes NikkiSixx7 on X.
Gorgeous what this bull market desires one other low drift , high FDV ineffective L1. Nonetheless obvi I aped. It’s a bull market bitches!$MON to $10 pic.twitter.com/UMSDWWmp5a
— Arthur Hayes (@CryptoHayes) November 25, 2025
The person recommended Decrypt that they “don’t feel sorry about” dumping their MON tokens on Monday at $0.031 apiece, arguing that the network’s personnel “gave nearly nothing to their private communities.”
For NikkiSix7, the airdrop resulted in a $238 payday. The 10,600 MON tokens that the person bought would be price round $445 as of late, in accordance with unique costs.
Over the day gone by, Monad had generated $400 million in trading quantity on Upbit, the south korean crypto substitute. Meanwhile, $233 million price of MON had been traded on Coinbase, adopted by $160 million on Dubai-essentially essentially based Bybit.
